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RENT-A-CAB Service Tax

Service Tax - Started By: - Renuka Devi - Dated:- 8-8-2015 Last Replied Date:- 17-8-2015 - For Example, Mr Robert opens M/s Robert Rent a Cab service store to be owned by him individually. He takes the Car/Bolero/Bus/Tata from Mr X,Y,Z,P,Q,R individuals motor owner by giving hiring Fees to each of them on monthly basis. Now, M/s Robert Rent a Cab service store give out those motors for Customer uses as:- One bus is being used by One Govt University College on giving a hire charge to Robert. Like .....

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rovider and 40% for Recipient. Please make the billing nature for Service Tax in regards to Sl.No. (1) (2) (3) also. Examine as, Service Tax rate 14% and Mr. Robert gross income has reached 10 Lacs in last financial year. But if, his gross income doesnot reach 10 Lacs yet in any year so far what will be the S.Tax liability for Sl.No. (1) (2) (3) ? - Reply By Arun Kumar Singh - The Reply = The service provider (Robert) will registered under service tax. In case of service recipients are business .....

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two independent transactions in the case discussed. Firstly service is being provided by the individual car owners to M/s Robert.. And secondly service is being provided by M/s Robert to its customers. Accordingly the service tax implications will have to be analysed on both the transactions independently.In the first case: Hiring of cars by car owners to M/s Robert.The declared service entry no 6 is relevant which reads as - Transfer of goods by way of hiring, leasing, licensing or in any such .....

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ill be leviable on the same. The owners shall be the service providers and they will have to obtain registration and discharge service tax liability. However also note that there is a small service provider exemption with threshold limit of INR 10 Lacs available. Also a threshold limit of INR 9 Lacs is available for obtaining service tax registration. The provisions of reverse charge will not be applicable in this case.In case only the vehicles are given on hire and drivers are employed by M/s R .....

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